Plaid Leases 45300 Square Feet Office Space At 530 Broadway New York City From Michael Shvo
530 Broadway
Building Size
45,300 SF
Asset Type
Office
Closing
Mar 24, 2025
AI
The property involved in this transaction is an office asset located at 530 Broadway in New York City, encompassing a total size of 45,300 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 530 Broadway
- Market: New York City
- Tenant: Plaid
- Landlord: Michael Shvo - SHVO
- Brokers: Howard Hersch (JLL), Jennifer Schreiber (Newmark)
This lease transaction features notable representatives including Howard Hersch from JLL and Jennifer Schreiber from Newmark, who played key roles in the negotiation process for the tenant, Plaid, and the landlord, Michael Shvo from SHVO.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93